UNI - EN REPORT No24/2013
The Board of Directors of KSG Agro S.A. (the "Company") informs that on 31st of October 2013 KSG Agricultural and Industrial Holding Limited, Cyprus subsidiary of the Company, and PUAH #2 Limited, Ukrainian subsidiary of the Company, executed the agreements concerning:
1. Acquisition of 100% of shares in LLC “SFG BULAH” (identification code 20252198, Ukraine).
LLC “SFG BULAH” is an agricultural entity which has around 2 thousand hectares of arable land under lease.
The acquisition will allow the Company to enlarge its land bank in the Dnepropetrovsk region, which is target region for KSG Agro S.A.
2. Sale of 100% of shares in LLC “AGRO DNISTER”, (identification code 35604979, Ukraine)
LLC “AGRO DNISTER” is an agricultural entity which has 1,6 thousand hectares of arable land under lease in Khmelnitsky region of Ukraine.
After the deals total arable land under lease of the Company will stay around 96 thousand hectares.
Legal grounds: Article 56.1 of Polish Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, and Article 3(4) of the Luxembourg law of 11 January 2008 relating to the transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market.